Investing.com - Laboratory America reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Laboratory America announced earnings per share of $8.79 on revenue of $4.16B. Analysts polled by Investing.com anticipated EPS of $7.44 on revenue of $3.92B.
Laboratory America shares are up 15% from the beginning of the year and are trading at $262.71 , down-from-52-week-high.They are outperforming the Nasdaq which is up 9.02% from the start of the year.
Laboratory America follows other major Healthcare sector earnings this month
Laboratory America's report follows an earnings beat by J&J on April 20, who reported EPS of $2.59 on revenue of $22.32B, compared to forecasts EPS of $2.34 on revenue of $21.98B.
Abbott Labs had beat expectations on April 20 with first quarter EPS of $1.32 on revenue of $10.46B, compared to forecast for EPS of $1.27 on revenue of $10.69B.
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